Average Retiree Income: How do you compare? (2024)

[@jackjohnsen-n1w]

how much you recieve in SS and retirements is not nearly as important as other things like do you own your home, are you in a low tax state, do you have ANY DEBT? I only get 4000K a month clear in income, but live great because of all the things I did right, Like move to a better state, pay cash for the house and have no debt. I moved from California to Nevavda, and live very well, but if i were back in Cali, I would be living in a conveted gargae apartment, driving a 1970 yugo, and eatting at fast food places, not the great food I get now, Age 79, and living the life, on peanuts,,,,PS I live in a retirement community with Three Golf courses, theathers ,Gyms and pools, and a faboulois view of the strip 14 miles away, down the hills..

[@onedegreeadvisors]

Congrats! We are posting a video very soon on how a couple paid off their low fixed rate mortgage and loved it. This is often controversial. Stay tuned for that one.

[@jackjohnsen-n1w]

@@onedegreeadvisors Why would I be interested in that when I have no Mortage?..

[@mitchthornton1820]

No kids no wife no life ….

[@jackjohnsen-n1w]

@@mitchthornton1820 I live with my wife and a grand son, so I guess your not too good at guessing huh mitch?....

[@mitchthornton1820]

@@jackjohnsen-n1w well you must be all about you because your whole statement was I , I , I , I , I , like no one else exists …

[@jpturner171]

I just want to enjoy my retirement with what I’ve achieved, not compare myself to other people. To me, it’s just another “keeping up with the Jones” feeling people have . I don’t find anything constructive in doing this. Again, that’s just my feelings

[@onedegreeadvisors]

That's an important perspective! The averages may be interesting or provide some benchmark but everyone needs to look at their unique needs, priorities and planning strategies.

[@PH-dm8ew]

are these incomes per person or per household?

[@onedegreeadvisors]

Household. Good question. Thanks for watching! www.fool.com/research/average-retirement-income/#toc_average-retirement-income www.annuity.org/retirement/planning/average-retirement-income/ Data: www.census.gov/data/tables/time-series/demo/income-poverty/cps-hinc/hinc-02.2022.html#list-tab-99567878

[@critiqueoflife]

That question is the elephant in the room!

[@gavinhassett479]

The turbo engine aught to still be able to make full Hp at 5000ft. Thats the benefit of turbo. Unless you are putting cheap gas in it and the engine is pulling timing to prevent detonation.

[@AbigailOliviaq4l]

I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024

[@Jenniferwilliamsv4w]

Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.

[@LoganGabriel6m]

Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

[@LincolnFelix-s4z]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@LoganGabriel6m]

NICOLE ANASTASIA PLUMLEE' is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@LincolnFelix-s4z]

I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you

[@bobackerman54]

thank you for including median ...